Somewhat Positive News Coverage Somewhat Unlikely to Impact UTStarcom (UTSI) Share Price

Headlines about UTStarcom (NASDAQ:UTSI) have trended somewhat positive on Saturday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. UTStarcom earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the Wireless communications provider an impact score of 46.8767000808889 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

UTStarcom (NASDAQ:UTSI) opened at $5.25 on Friday. UTStarcom has a 1 year low of $1.66 and a 1 year high of $5.62. The company has a market capitalization of $188.18 and a price-to-earnings ratio of 260.00.

UTStarcom (NASDAQ:UTSI) last released its quarterly earnings data on Monday, November 20th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $26.03 million for the quarter. During the same quarter last year, the firm posted ($0.04) EPS.

Several brokerages recently issued reports on UTSI. Northland Securities set a $5.00 target price on UTStarcom and gave the company a “buy” rating in a research report on Saturday, November 25th. Zacks Investment Research raised UTStarcom from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research report on Wednesday, October 18th. Finally, ValuEngine raised UTStarcom from a “sell” rating to a “hold” rating in a research report on Friday, September 15th.

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About UTStarcom

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

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